Ocurrió un error. Detalles Ocultar
Usted tiene páginas sin guardar. Restablecer Cancelar

In August, US manufacturing activity contracted 2.1 points from July, the largest contraction in nearly three years. According to the Institute of Supply Management (ISM) Purchasing Manufacturing Index (PMI) - commonly referred to as the ISM manufacturing index - fell to 49.1, making the US a late comer to a growing club of large economies, such as China, the Eurozone, Japan, and the United Kingdom, that have likewise reported contracting manufacturing sectors in recent months.

  • The PMI is being dragged down by a sharp decline in new orders, non-farm employment (which increased by only 130,000 in August), and new exports as trade tensions with China weighed on business confidence and deepened growing fears of economic recession. 
  • Declining oil prices have also contributed to the decline of industrial production vis-a-vis restricted investment in the energy sector - the largest and fastest-growing industrial sector in the US - indicated by steadily declining oil and gas rig counts
  • The US Federal Reserve industrial production index indicates that manufacturing production also decreased during the first two quarters on 2019, suggesting the US is already in recession.

Download our latest US ECONOMY data brief

The US Economy Data Brief provides a comprehensive and interactive overview of leading US economic and financial indicators, including but not limited to GDP, inflation and prices, economic activity, financial accounts, debt figures, the labor market, and so much more.

Percepciones relacionadas de Knoema

The World's Largest Economy: China or the United States?

Which is the world's largest economy, China or the United States? As is usual in the field of economics, “It depends.” It depends on the methods used to estimate the size of an economy and to compare one economy to another. Despite modern discussions on refining the calculation of gross domestic product (GDP), the standard measure of an economy’s size and performance, to be more inclusive of economic factors that have been ignored to date, such as environmental and natural resource depletion, there is no commonly accepted alternative to GDP. There are, however, at least two commonly...

The Shadow Economy in Europe and OECD Countries in 2003-2015

The $9.7 trillion global shadow economy is the second largest economy in the world after the United States, according to the 2010 estimates of the black market for 162 countries. Still, as for the more recent study, the size of the underground economy in European and other OECD countries have been decreasing steadily since 2009 and continued shrinking in 2015 averaging to 16.7 percent of official GDP. But this development was not uniform across individual countries: 10 out of 36 OECD countries experienced an increase in the black market size in 2015. The most significant upsurge of...

Global Events and the Economic Policy Uncertainty Index

Every day events around the world cause ripple effects that affect global, national, and local levels of economic and political uncertainty. Recent mainstream examples include US sanctions against Venezuela, Brexit, the partial US government shutdown, protests in France, and the US-China trade war. As uncertainty rises, we observe markets responding, whether you're tracking stock prices, commodity prices, or even interest rates. Today we have another more comprehensive measure available to monitor these effects: the Economic Policy Uncertainty Index. Developed by a group of...

United States: Moving Toward Economic Recession in 2019?

One could argue that in a world subject to the inevitability of business cycles, the United States is overdue for a recession. During the 60 year period from 1950 to 2010, the US economy experienced 10 recessions, averaging one recession every six years. In contrast, the longest period of uninterrupted economic growth was just shy of 10 years. The US is now in the midst of nine years of economic growth with the last "Great Recession" a fading memory for some. Will 2019 bring recession to the US? With the potential exceptions of asset prices and the yield curve—now at its lowest...

Nuestra declaración de privacidad y política sobre cookies

Nuestro sitio web utiliza cookies para facilitar su experiencia en línea. Se guardaron en su computadora cuando usted lanzó este sitio web. Usted puede cambiar su configuración personal de cookies a través de la configuración de su navegador de Internet.

Política de privacidad